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> Crypto is only fun when it’s arbitrarily going up in value If you treat it like a casino then that is true. Ideally, it takes over fiat currencies altogethe
by eric_cc 5y ago
> Crypto is only fun when it’s arbitrarily going up in value
If you treat it like a casino then that is true.
Ideally, it takes over fiat currencies altogether and takes away the government’s ability to Arbitrarily create money out of thin air whenever it benefits them.
- rrdharan 5y agoThat may be your ideal but it is most definitely not mine. I don’t understand how people can compare the austerity debacle and resulting outcomes in Greece with what the US was able to do (and turn a profit on) post financial crisis and decide that somehow the Greek way was better, countries shouldn’t be able to use monetary countermeasures, and these constraints will magically produce better politicians who will get it all right, because otherwise it would go wrong. We’ll still get the incompetence, it will still go wrong, and the results are just worse all around. Crypto fans obsessed with the handling of the financial crisis should brush up on the concept of Panglossian optimism. https://en.wikipedia.org/wiki/Greek_government-debt_crisis https://en.wikipedia.org/wiki/Greek_government-debt_crisis